The short extension is likely a precursor to a long-term extension Trout will receive as early as this spring, allowing Los Angeles to duck a luxury-tax assessment for this upcoming season. Trout's long-term deal will start in 2015.

According to the report, both sides are looking to complete a longer term deal that could pay the 22-year-old $150 million over six years. The two-time All-Star, who was the American League rookie of the year in 2012, finished second in Most Valuable Player votes in the AL in each of his first two full seasons. If a long-term deal is not reached, Trout will become eligible for salary arbitration next season, Shaikin reports.

Trout, who earned $510,000 last season, hit .323 with 27 home runs and 33 steals in 2013 for the Angels.